The Hindu Business Line : RIL plans merged firms listing in July

The Court convened meetings of the equity shareholders of Reliance Capital Ltd and Reliance Capital Ventures Ltd (RCVL) have been scheduled for April 25 and April 26, respectively.

Shareholders will meet to approve the scheme of amalgamation of RCVL with Reliance Capital Ltd.

The filing of the court order granting sanction for the scheme with the Registrar of Companies is expected in the week beginning June 12; the record date will be in the week beginning July 10 and the allotment and listing of shares of the resulting company in the week beginning July 17, said a statement from Reliance Capital, which described these dates as part of the group's "tentative schedule."

Reliance Energy

Similar court convened shareholder meetings of Reliance Energy Ltd and Reliance Energy Ventures Ltd (REVL) are scheduled for April 26 to consider amalgamation of REVL with Reliance Energy.

The record date for the same may be expected to be in the week beginning July 10 and the allotment and listing of shares of the resulting company in the week beginning July 17.

RCVL and REVL were among the companies that were spun off during the demerger of the Reliance group. They belong in the Anil Dhirubhai Ambani Enterprises fold.

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